The State of the Job Market for Veterans
There’s never a wrong time to think about what our country provides for those who give the most of themselves. But as Veterans Day approaches, now is the perfect time to take stock of how veterans continue to serve their country — and vice versa.
In 2018, 19.2 million men and women were veterans, according to the latest report from the U.S. Department of Labor. That represents about 8% of the population (outside of institutions) age 18 and over.
Veterans had a 3.5% unemployment rate, lower than the 2018 annual average of 3.9% across the U.S. The report says that, among the 326,000 unemployed veterans in 2018:
- 54% were age 25 to 54
- 40% were age 55 and over
- 6% were age 18 to 24
An increasing share of veterans are women, the BLS report shows. About 10% of all veterans are women, and women account for about 17% of the 4.1 million who have served in the military since September 2001.